Newer Mansion over 13,350 Sq.Ft. with Investment Opp. 10.5 Acres, Indoor Pool, Reserve price below bank loan Start Price USD 250,000.00 Current Price USD 250,000.00 Time Left - Bid Count 1 Buy It Now Price USD 950,000.00 Reserve Price - Start Time Tuesday, September 30, 2008 End Time Thursday, October 30, 2008 Location Osceola, Indiana See more about 'Newer Mansion over 13,350 Sq.Ft. with Investment Opp.' Description Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 REAL ESTATE AUCTION   OSCEOLA, INDIANA     11650 McKinley, Osceola, INDIANA   TERMS OF SALE: Buyer(s) will sign an offer to purchase and related sales disclosures and make a $10,000. deposit (non-refundable) due immediately (24 Hours MAX) after auction with the balance due within 30 days after end of auction. We will accept PAYPAL for the deposit only!! • This home will be sold in “as-is” condition with any and all faults. No warranties or guaranties are given or implied by Sellers. • Sellers will provide clear title, split the closing cost and pay property taxes in full through the 2007  due 2008  installment—Buyer(s) pay thereafter, • The closing will be conducted by Meridian Title Company (574) 271.3777 • This is a cash sale. The purchase agreement is not subject to or contingent upon financing, • Deposit is non-refundable and will be forfeited as liquidated damages if transaction is not completed by purchaser. DESCRIPTION: Unbelievable Value defines this newest listing.  This one of a kind custom home is being offered for sale by the Owner which is a Home Builder, Developer and Real Estate Broker.  Top quality construction from the ground up here is just a small sample: 2x6 Exterior walls, 9' Basement ceilings, Ultra fit insulation, Zone heating, 90% Forced air heating or optional Radiant floor heating, Anderson Low E windows, Flooring mostly ceramic title, Insulation backed siding, Stone work completely around home and some inside, Walkout basement, Granite kitchen top, 60" Wolf grill / griddle stove, see thru fireplace to large whirlpool in master, indoor 18 x 36 pool with water tube slide from second floor loft, home automation and so much more even the 7' x 17' pantry has its own broom closet.  This home site almost in the center of 10.5 acres with some trees especially around the border of the property.  You enter this property from a heavy traffic road onto the property which has the home over 600 off the road which is extremely quiet with occasionally seen deer, fox and rabbits.  The home is located between South Bend and Elkhart Indiana and only fifteen minutes from the Notre Dame Campus and about one hour from Chicago and eight minutes from the 80/90 Toll Road.  A new Wal-Mart has just open this summer within two mile East of the same road as the house is on.  This home could have many types of investment opportunity but may require zoning changes as example:  Horse Ranch, Senior Living Center, Apartment Complex, Medical Office, Development of more homes, Etc. The Total Replacement cost is estimated over $1,850,000.00 and during the early part of construction I had an appraisal for $1,475,000 which did not include all the additional items that was added during construction as example: Elevator shaft, Stone walls inside pool area replicating the outside look, added the second floor loft area, all ceramic floors with 1 1/2" concrete below with radiant floor heat tubing, Etc. Due to the economic slowdown the owner is selling this home well below the true value. To see a virtual tour click here:  http://www.scottgast.com/Listing/VirtualTour.ashx?ListingID=1564464 To email me and request a copy of appraisal or blueprint:   sgast@awardgmac.com You can be the owner of this tremendous property...a value not soon matched by other offerings.  Call Scott Gast Today at 574-679-9200 and execute the Buy It Now! AREA NEWS: Chamber of Commerce of St. Joseph County  -  http://www.sjchamber.org/ University of Notre Dame – www.nd.edu/ City of South Bend -  www.ci.south-bend.in.us/     SPECIAL NOTE: IF YOU HAVE 5 or LESS FEEDBACKS ON EBAY or An INTERNATIONAL BIDDER, YOU MUST EMAIL or CALL 574-679-9200 TO REGISTER PRIOR TO BIDDING.  WE RESERVE THE RIGHT TO CANCEL BIDS AT OUR DISCRETION. AUCTION NOTE: Seller has an Appraisal and it is available by request!  This an opportunity to Purchase for “Pennies on the INVESTMENT DOLLAR” Do Not Miss This Opportunity!!    PROPERTY ADDRESS & DIRECTIONS: 11650 McKinley   Osceola, IN 46561  Directions:  From the 80/90 Indiana Toll Road take the Mishawaka exit on to Capitol Ave- 331 South about 2 Miles then turn East onto McKinley Hwy. and travel 2.5 miles.  Home is on the South Side of the road and cannot be seen from the Highway.  It is directly across the huge New Life Baptist Church this property set about even distance between the AM General Hummer and GM plant and the New Wal-Mart.   AUCTION DATES & INSPECTION: Internet Bidding Starts Tuesday, September 30  Inspection:  By Appointment   IMPORTANT INFORMATION: PLEASE READ ALL, THANK YOU! Serious bidders only! You are bidding on the full purchase price for this real estate! THIS SALE is a cash deal or its’ equivalent only! See “Terms of Sale” above. PROPERTY DESCRIPTION: ** 4569 First Floor Living Square Feet ** 1952 Additional First Floor Living Square Feet with indoor pool. ** 936 Second Floor Living area Square Feet in Loft over looking pool area **7457 Sq. Ft. of Living area from above totals **1296 Sq. Ft. full insulated Garage huge 3-stall ** 4567 Sq. Ft. Basement area ready to be finished already has zoned heat, walkout, plumbed for 3 full baths a kitchen and laundry area.    ** All-Sides Stone Exterior and insulated vinyl siding ** Open-Concept Living Room/Kitchen/Dining Room Floor Plan ** 4 Bedrooms (Master Bedroom Suite Set-up with see thru fireplace to a $8,000 special massage whirlpool with built in heater, a 5’ x 9’ custom shower area, over ten feet of vanity area with dual sinks, linen closet and two walk-in closets ** 4.5 Full Baths not counting the possible 3 more in basement if finished ** 3 Car Attached Garage with Automatic Door Openers ** Two 90% Gas Forced Air Furnace, Two modulating Boilers for optional radiant floor heat and pool heat. ** Two Central Air Conditioning units ** Concrete Driveway with asphalt drive ** 14 X 14 Concrete Patio ** 8x10, 4x12 and 5x14 Concrete Porches ** Home automation system & Security system ** Two 200 Amp Breaker Electrical Boxes ** Dimensional Styled Asphalt Shingle Roof ** Continuous Aluminum Guttering and Downspouts ** Dusk-Dawn Lighting ** Quiet area     ROOM COUNT: This is only a partial list of rooms please request blueprints for exact details ** 17.5 X 16 Living Room (carpeted) ** 25 X 38.7 Kitchen (Eat-in) with Ceramic Flooring and All Appliances Including Oven-Range, Refrigerator, Dishwasher, Wine Cooler wet bar **7 x 17 Kitchen Pantry (Ceramic) **9.5 x 17 Laundry Room (Ceramic) ** 20 X 21 Master Bedroom (carpeted) **7 x 14 Master Walk in Closet (Carpeted) **15 x 20 Master Bath (Ceramic) ** 20 x 23 Family Room (Ceramic) **  32 x 62 Indoor pool Area ** 25 x 42 Loft area over looking pool (Carpeted) ** 32 x 41 Garage area ** 13.5 x 14 Mud room (Ceramic) ** 12 x 14 Foyer (Ceramic) ·       Call Scott Today to Execute the Buy it Now! LEGAL INFORMATION: Legal Description: Lot 1 Gast Minor Sub     ·       Lot Size: 10.5 Acres ·       Age: 2006 ·   ·       Exemptions:  Mortgage and Homestead Exemptions Currently!!! ·       Purchase for Pennies on Your Investment Dollar!!! ·       Township: Penn ·       County: Saint Joseph ·       City: Osceola ·       State: Indiana ·         School Corporation: Penn Harris Madison CONTACT INFORMATION: Scott Gast  574-679-9200 sgast@awardgmac.com If you have any questions and cannot find the answers in our description, please feel free to call Scott or email us your question. Please understand that by bidding you are entering into a legal binding contract to purchase this Real Estate… DUE DILIGENCE: ALL BIDDERS ARE ENCOURAGED TO INVESTIGATE THIS PROPERTY For Suitability Prior to Placing A Bid What is due diligence? A due diligence is the effort a party makes to avoid harm to another party. Quite often a party in a contract may be obligated to provide due diligence. Due diligence report is often prepared to discover all risks and implications regarding a decision to be made. In Plain English Due Diligence means:   DO YOUR HOMEWORK BEFORE YOU BID The sale of real estate is very complex and we strive to provide enough information for a bidder to conduct due diligence or research on a property. The seller cannot assume anything about your understanding, we offer the property, we take the bids, we collect bid deposits and payments. There are thousands of resources to show you what information you need to place a bid. A Buyers unique circumstances create a 'bid strategy' or amount you are willing to bid. Remember ALL SALES ARE FINAL BY PLACING A BID YOU ARE ENTERING INTO A LEGAL CONTRACT TO PURCHASE REAL ESTATE. If you do not understand, please do not bid. Bidders are encouraged to conduct due diligence or do your homework, inspect the property, area, etc. prior to placing a bid. Auction properties are sold AS IS WHERE IS WITH ALL FAULTS! This means what you see (and don't see) is what you get. Auctions are not a nit-picking brokered sale where you "offer" to pay a certain price, *IF* the seller does this or that. If you do not understand please contact a Buyers Agent or your local realtor. BE SURE TO READ THE AUCTION PAGE BEFORE BIDDING! Please call Scott Gast with any questions you have at (574) 679-9200 and I will be happy to speak with you! Please do your due diligence and homework before bidding!   If you are a bidder of this Real Estate Offering,  You have agreed to all terms within this listing.   By bidding, you are agreeing to all terms and that you have done your “Due Diligence” by either inspecting the property,  had the property inspected by a third party on your behalf, or waiving your right to inspect the property.  All Real Estate Offerings are sold  AS IS and not contingent on inspections, financing, or other.  In the event of non-payment by a winning bidder within the terms set forth in the listing,  we will file an eBay claim (which puts the user in direct violation of eBay’s User Terms), as well as civil action to include all damages associated with the sale of this property including the full purchase price, plus all advertising, sales commissions, doc fees, court costs, and legal fees  with Jurisdiction set in Saint Joe County, Indiana. A winning bid on a Real Estate Offering here on eBay is a guarantee by the buyer to complete the transaction as per terms listed in the description.  Any dispute arising from the sale of this Real Estate Offering will have a set Jurisdiction in Saint Joe County, Indiana.  Place a Bid!